Iso tc 307 blockchain and distributed ledger technologies
Remember Me. ISO is the International Organisation of Standardisation, with Technical Committee focussing on blockchain and distributed ledger technologies. The IRG helps to ensure that New Zealand views are considered when international standards on blockchain and distributed ledger technologies are developed. The goals of the group are:.
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I was just being made aware of the standardization process about blockchain and distributed Leger technologies. In this picture from the talk that I am attending you can see that many institutions are part of the process:.
However I did not see any institution close to Bitcoin development. I asked if the standard will be compatible with Bitcoin. The presenter said they are in contact with Bitcoin developers. Where could I find more information about this? Committee efforts which have to aim of standardizing anything to do with the bitcoin protocol should be considered attacks against Bitcoin.
The rules of the Bitcoin protocol are decided independently by each user running the software which validates them, of their own volition. Bitcoin Core developers can only provide software to enable users to interact on the network which they choose to interact. They cannot force users to follow any rules. There is not, and will never be a committee to decide these rules.
The market decides which Bitcoin rules will succeed. This will not stop bad actors from trying to control it. You should make the effort to call them out as hostile, because they are hostile, even if they did not intend to be - they just don't yet understand that Bitcoin has made their role as rulemakers obsolete. There is no harm in attempts to standardize methods and software surrounding Bitcoin such as POS systems, hardware, wallets, network protocols , but these efforts are already being standardized as part of the BIP and BOLT processes, and by developers finding opportunities in the market, and these move far faster than any ISO committee will ever be able to keep up with.
This committee essentially has nothing to do with bitcoin at all. It is another "blockchain not bitcoin" effort which can only do damage to Bitcoin. It is initiated by people who are unable to accept the concept that nobody is in charge and nobody decides the rules. If they were interested in bitcoin they would be contributing on github and the mailing lists. The fact that they don't and just want to stick an ISO stamp on it is clear where their proirities lie. For them, the world seems chaotic without standards, but for Bitcoin, the chaos is its strength - it means that it is immune to external influence from specific parties and it does not need to conform to any societal norms which currently exist, or may exist in the future.
Bitcoin is the free market. There are a lot of people who hate free markets and will make any effort they can to undermine Bitcoin. I believe the majority of Bitcoin Core developers feel similar, and will ignore any attempts from ISO to influence decision making in the development of Bitcoin Core, as well as other Bitcoin clients.
While I agree with most of what you're writing, I don't think it's much of an answer to OP's question. I don't know exactly what ISO is trying to standardize, but I'd be very surprised if controlling Bitcoin's consensus rules is something they're remotely interested in. Pieter Wuille.
As I was sitting in the presentation of the person who was from the standard body I can say that their effort in itself seemed legit to me and not remotely like an attack on btc. As the progress is ongoing anyway I think it makes sense to help them understand Bitcoins needs. Rene Pickhardt. I've never heard of any contact from ISO and my email doesn't reflect any.
In my past non-bitcoin experience ISO process in general is pay to play or national appointments , and not really all that compatible what we'd consider to be an open public process. It's not unusual for people involved with competing clone systems to fraudulently misrepresent themselves as somehow representing 'bitcoin' in commercial settings, so I wouldn't be shocked to learn that was going on here too.
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ISO blockchain standards planned for 2021
Not all the parties involved are created equal, some have great security and some have poor, Toohey explained. They can only do a good job when they have products in their custody, he continued. A few companies, including Maersk, Walmart and IBM have made the leap to establish blockchain technology in their supply chains. However, there has yet to be a global blockchain initiative implemented or standards established.
The Blockchain International Standardization Organization: China Will Dominate
Blockchain technology promises a number of improvements - from computer to computer, from intermediary to user and vice versa. Individual regions, such as the proclaimed Crypto Valley 1 in Zug, have already attracted hundreds of start-up companies. Possibly because the Zug government equates values such as "collaboration", integrity, security and transparency with the Blockchain. Values that should also specifically serve companies in the digital future. Increasingly, however, ominous programmers are also using cryptocurrencies. The cryptographically secured chaining of individual blocks of information therefore holds not only promising cooperative opportunities, but also risky effects. The first regulations for the digital chaining of individual blocks have been circulating for a while. The concept of the blockchain as a distributed database management system was first proposed in under the pseudonym Satoshi. Nakamoto described in the Bitcoin white paper.
Blockchain and ISO sharing a drive
The meeting was held in Sydney, Australia on April 3 to 5, and brought together international experts from over 30 countries. It is an application that creates and operates tamper-proof and decentralized databases. Due to the immutability and security of its records, it allows parties to exchange value or information without the need for oversight by a trusted third party, such as a bank. This results in cost savings and shortens the time needed for transactions to be completed.
Geospatial Standardization of Distributed Ledger Technologies
The International Organization for Standardization ISO has established three new technical committees TC , including the TC for developing new international standards concerning blockchain and electronic distributed ledger technologies. Blockchain technology, a new technology used for the trading of digital assets, e. It is expected to be applied to a wide variety of fields, including IoT. In this situation, the need for international standardization of the technology has been raised to develop industries in which blockchain technologies are utilized. The TC will make activities for international standardization of the technologies, including systems, applications and data compatibility and exchangeability among users.
Distributed Ledger Technology (DLT)
The Cyprus Blockchain Technologies Ltd. The aim of the centre is to conduct research as well as organise transfer of knowledge sessions and executive education on Blockchain and Distributed Ledger technologies DLT by bringing prominent academics and professionals from leading organisations from around the world. In addition, the centre will release whitepapers and research papers on applications of DLT on different sectors and what are their implications. This is a great opportunity for the centre and Cyprus in general to express their interest and contribute scientifically to the formation of new industrial standards. The new ISO technical committee promises to take it to the next level, having now defined areas for future standardisation work. Blockchain is a decentralised, global public or private distributed ledger or database running on millions of devices, where not just information but anything of value — money, titles, music, art, scientific discoveries, intellectual property, and even votes — can be transferred and stored privately and securely. Trust is established through mass collaboration and a clever code that makes Blockchain withstand modification, fraud or other types of attacks. Blockchain ensures integrity and transparency and has big implications for business and the corporation.
This week the ISO published a business plan which says the first standards will be released no later than The ISO plans to develop a terminology standard no later than These include security, privacy, identity, and interoperability.
During the first week of April , our Emerging Technology Lead, Nick Cliff, took part in the first meeting of the international technical committee on standards. Around delegates from the 17 participating and observing countries worked to explore the future of blockchain technology via an International Standard. In its role as leader of this committee, Standards Australia will help guide the future direction of international standards to support the roll-out of blockchain technology. At this first meeting, the formalities for the formation of a new ISO technical committee were carried out. A cross-section of industry experts, consumer associations, along with government and non-government representatives made up an informed International Committee. A skilful Chair , Mr Craig Dunn, helped in navigating the range of opinions presented to arrive at creating several Study Groups.
Hokan participates in the process of standardization of blockchain thanks to its participation in various international organizations and bodies. At Hokan we strongly believe in the benefits which standardization can bring to the adoption of blockchain and crypto technologies. We also believe in sharing knowledge and best practices with like-minded individuals and organizations in order to help the whole industry progress. Hokan participates to INATBA with the idea of contributing to the blockchain development together with other actors of the market. The Association allows these actors to interact with institutions and policy makers to create a shared governance of this new sector. The association is indeed made up of experts working for institutions, as the European Commission and the European governments, and experts of the financial sector. The Ministry decided to call a team of expert s in order to support the Government in examining these topics in depth and help write a national strategy for this sector.
This participation, offered free of charge in Luxembourg, gives the opportunity to actively contribute to the drafting of standards documents and to voice a position in the shaping of future standards from their early stages of development. You can also directly contact Dr. Newsletters Jobs Events dark. Silicon Luxembourg.
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